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of discussion feels dead on arrival in this political environment where we can't get something like a basic budget done. >> the problem is we're going to have to do some of this, anyway. anyone who owns a home knows this. if you defer maintenance, if you say to yourself, my boiler is leaking but i'm not going to fix it, that's actually a penny wise, pound-foolish decision. it will eventually break and cost you three times as much. that's what's happening with our roads, bridges and highways. if you look at air travel. we have one of the world's most antiquated travel systems, we need to update the antiquated computer system. one day you're going to have terrible problems or you're going to have a kind of the system will break down, it's not going to cost $25 billion. it will cost $50 billion. >> there's another thing we don't talk about enough. we're talking about spending as if there's this generally irresponsible spending around. some of that might be true. the bigger issue is nilements, the growth in what those are going to cost us over time. that's the real threat. it's the one that is
jointly. >> precisely. >> that kind of discussion feels dead on arrival in this political environment where we can't even get a budget done. >> and the problem is we're going to have to do some of this anyway. anyone who owns a home knows this. if you differ maintenance, my boiler is leaking but i'm not going to fix it, that's penny-wise but pound pool foolish. the whole thing will break and cost you three times the amount. air travel. we have one of the world's most antiquated air traffic systems. we need to update the computers. it's $25 billion. we're not spending that money because as you say spending is is a dirty word. but one day you're going to have terrible problems or you're going to have -- the system will break down. then it's not going to cost $25 billion. it will cost $50 billion. >> another thing we don't talk about enough. we're talking about spending as if there's this generally irresponsible spending. the bigger issue is entitlements, the growth in what those are going to cost us over time. that's the real threat, the one hardest to deal with because it's stuff peopl
on their balance sheets. but they're not investing and ask them why, they say, we don't know what the environment looks like. tell us what the environment looks like, so we can calculate the potential return on investments and we'll invest. if uncertainty prevails, the risk premium is very high and you price out a lot of investment activity that's good for everybody. >> they might go somewhere elsewhere they'll have more certainty. all of the fiscal cliff madness is about spending and revenue. in other words, what you would call a budget and there's nothing more broken in washington than the budget process. >> if you are not yet outraged. stay with us and you will be. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-dr
Search Results 0 to 2 of about 3